PPRuNe Forums - View Single Post - BA unhappy about Open Skies/Ch 11 not a subsidy
Old 30th Nov 2005, 10:06
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SR71

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Ch 11 Bankrupt airlines applying to the ATSB for loans sounds like "subsidy" to me?

To be fair, federal cash injections have often been accompanied by private equity investment (Is this a pre-requisite? Certainly, UA got knocked back by the ATSB and told to approach the private sector debt/equity markets...) but nevertheless significant amounts of cash have found their way from Government accounts to airline accounts.
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